[Featured Stocks] Another Untact Due to COVID Spread? Only 'Naver·Kakao' Among Top Market Cap Stocks ↑

[Asia Economy Reporter Oh Ju-yeon] As the impact of the novel coronavirus infection (COVID-19) continues, the domestic stock market is showing weakness. While contact-related stocks, which had been rising on hopes of economic recovery, are declining, untact-related stocks have slightly risen amid the market downturn, creating a contrast.

According to the Korea Exchange on the 22nd, as of 2:08 PM, 8 out of the top 10 market capitalization stocks in the KOSPI market all declined.

Samsung Electronics and SK Hynix fell by 0.41% and 2.16%, respectively, compared to the previous trading day, while LG Chem, Samsung Biologics, and Celltrion also dropped by 1.60%, 1.22%, and 0.27%, respectively.

However, NAVER and Kakao were the only stocks among the top 10 by market capitalization to rise.

NAVER traded at 288,000 won, up 1.41% from the previous trading day, and Kakao rose 0.66% to 382,000 won.

NAVER was considered a beneficiary of untact demand due to COVID-19 at the end of March, with its stock price rising from the 150,000 won range to over 340,000 won by the end of August, more than doubling. However, since then, as the focus shifted from the spread of COVID-19 to economic recovery due to the emergence of vaccines, the stock price has fallen about 17% from its peak.

Kakao also sharply rose from the 150,000 won range at the end of March to 420,000 won by the end of August, but after a correction, it dropped to the 330,000 won range in early November.

This content was produced with the assistance of AI translation services.